Need for Performance Monitoring to Benefit Cloud Management Platform Market

 

Market Highlights

The Global Cloud Management Platform Market Size USD 7.2 Billion will grow by CAGR 16.10% Forecast By 2030 , according to the report. The report presents a detailed evaluation of the global cloud management platform market, including a detailed overview of the historical growth trajectory of the market, a comprehensive overview of the present condition in the market, and accurate, studied forecasts as to the likely growth trajectory of the market over the forecast period. Major factors and trends observed in the global cloud management platform market are examined in detail in the report. The competitive landscape of the global cloud management platform market is also examined in the report. Major players in the global cloud management platform market are profiled in the report. The impact of the COVID-19 pandemic on the global cloud management platform market is also examined in the report.

Growth Drivers and Top Challenges

A number of enterprises across the globe are adopting cloud management platform solutions for managing the deployment models. Soaring business demand for optimum flexibility of resources as well as the fast-paced changes in technology is expected to turn hosted and cloud-based solutions into the most sought-after dominant models in the near future. Cloud management solutions include several tasks including security, performance monitoring (response times, latency, uptime, etc.), resource management, disaster recovery, external tool management and auditing & management.

Various software solutions are increasingly being developed for better management and monitoring of computing resources. The global cloud management market is a rapidly maturing and evolving market, given the presence of a variety of technologies and software that are developed for efficient operation and delivery of applications as well as computing services to enterprises.

Another factor that is inducing market growth is the increasing acceptance of cloud-based architectures across organizations and service providers. Significant functions like service management, infrastructure management, security management, data and analytics management and platform management also work in favor of the cloud management market.

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Segmentation:

The global cloud management platform market is segmented on the basis of component, deployment mode, organization size, vertical, and region.

By component, the global cloud management platform market is segmented into solutions and services.

By deployment, the global cloud management platform market is segmented into private cloud, public cloud, and hybrid cloud.

By organization size, the market is segmented into SMEs and large enterprises.

By end use vertical, the global cloud management platform market is segmented into IT and telecom, BFSI, government and defense, healthcare, energy and utilities, retail and ecommerce, and others.

Regional Analysis:

The main markets for cloud management platform include South America, Europe, the Middle East and Africa (MEA), Asia Pacific (APAC), and North America.

North America grabbed the largest share of the global cloud management platform market in 2021. Europe secured the second position in the worldwide market that same year. Asia Pacific is touted to grow at the fastest rate from 2022 to 2030.

North America was identified as the leading market for cloud management platform in 2021 and could maintain its growth graph even during the review period. Market growth in North America is the outcome of the high adoption rate of hybrid cloud solutions coupled with the presence of renowned players like Microsoft Corporation, Citrix Systems, and Cisco Systems Inc. The rising need for high-level of governance as well as policies is projected to boost market demand in the region.

Europe, with the second-largest share of the market, is supported by massive investments by local vendors in various countries along with surging government policies that encourage digital initiatives as well as development of cloud infrastructure.

APAC is estimated to be the fastest-gaining market for cloud management platform during the conjectured timeframe. Surge in the adoption rate of cloud-based services across several verticals along with increasing IT skills for developing robust cloud services benefits the market. Leading markets for cloud management platform in the region are India, China, among others.

Leading Players

The players that are leading the worldwide cloud management platform market are ServiceNow (US), Citrix Systems Inc. (US), HP Enterprise Development LP (US), Embotics Corporation (US), CloudBolt Software, Inc. (US), HyperGrid™ (US), MORPHEUS DATA, LLC. (US), VMware, Inc (Dell Technologies) (US), BMC Software, Inc. (US), DivvyCloud (US), RackWare (US), Turbonomic Inc, (US), Scalr Inc (US), RightScale, Inc. (US), Cisco Systems Inc., (US), among others.

Other than the aforementioned companies, some other prominent companies in the market are Puppet (US), Amazon Web Services (AWS) (US), Dynatrace (US), Splunk Inc. (US), and others.

Industry Update

April 2019

RackWare Inc. recently developed a hybrid cloud platform, which helps integrate the whole cloud implementation lifecycle, ranging from disaster recovery and backup to cloud migration process as well as hybrid multi-cloud management.

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List of Tables

FIGURE 1 Global Cloud Management Platform Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of The Global Cloud Management Platform Market

FIGURE 4 Value Chain Of The Global Cloud Management Platform Market

FIGURE 5 Share Of The Global Cloud Management Platform Market, By Country, 2021 (In %)

FIGURE 6 Global Cloud Management Platform Market, 2022-2030

FIGURE 7 Sub-Segments Of Service Type

FIGURE 8 Global Cloud Management Platform Market Size, By Service Type, 2021

FIGURE 9 Share Of The Global Cloud Management Platform Market, By Service Type, 2022-2030

FIGURE 10 Global Cloud Management Platform Market Size, By Component, 2021

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